ClubCorp buys three Long Island courses, hopes to close on others soon

ClubCorp has acquired three courses in eastern Long Island, New York — The Hamlet Golf & Country Club in Commack, The Hamlet Willow Creek Golf & Country Club in Mt. Sinai, and The Hamlet Wind Watch Golf & Country Club in Hauppauge.

It purchased the three courses from the Holiday Organization, a large real estate company, for an undisclosed amount that sources say was in the eight figures.

“This was an all cash transaction, and we have another three or four assets that we are pursuing — all cash deals,” said Blake Walker, chief acquisition and development officer. “We are actively pursuing golf courses.”

Walker said he continues to look for private clubs, high-end daily fee and semi-private clubs that have an intrinsic value for the company. He said he expects two or three more deals to be finalized in the next 60 days.

ClubCorp has been actively looking to buy for the past year. Walker rejoined the company at that time, after a stint as co-founder of Pegasus Golf Partners.

The Hamlet purchase marks a significant increase in Dallas, Texas-based company’s presence in the Northeast, and its first golf courses in New York.

“We are excited to expand ClubCorp’s presence in the northeastern U.S. by adding these three prestigious clubs to our portfolio,” said Mark Burnett, ClubCorp executive vice president, golf and country club division. “The Hamlet clubs provide the perfect venues for ClubCorp to continue its commitment to building relationships and enriching the lives of our members.”

ClubCorp has 128 18-hole equivalent golf courses in 25 states, mainly located in California, Texas, Florida, and Georgia.

ClubCorp has put together a multi-million-dollar improvement plan for The Hamlets that includes renovation projects at all three clubs.

The Hamlet Golf & Country Club is a private club, and Willow Creek and Wind Watch are semi-private clubs. Walker said that ClubCorp has been looking to add clubs in Long Island for some time.

“Long island has a tremendous amount of private clubs and it is strategic for us,” he said. “These clubs are clearly consistent with the quality of our portfolio.”

Walker said that New York is a primary travel location for ClubCorp members. Hamlet members can now choose to participate in ClubCorp’s Signature Gold program, which offers complimentary golf and dining at a network of more than 200 owned or affiliate clubs around the country.

“The membership is extremely excited about ClubCorp's ownership of the Hamlet clubs,” said Ira Kaplan, president, The Hamlet Homeowners’ Association. “They are a world-class organization with a proven track record of improving new clubs in their portfolio and they bring their expansive network of benefits and opportunities outside of the club. This is a winning relationship for our club and for the members.” 

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